NZD/USD, DAY CHART, SHORT (11-DEC-2016)
Note:
-Recently, NZD/USD breaks the upward Trendline
-Besides, there is a formation of Lower High-
Lower Low-Lower High formation.
There are 2 ways to trade this pair:
1. Currently the price goes up and touched the
upward Trendline and followed by a bearish bar.
It might be a signal to short with high R/R of 1:2.
Can enter this trade but only small risk recommended.
2. Wait the price to move higher to touch the
upper downward Trendline and another bearish
bar to short.
This trade can trade with right risk and lot size
Caution on the FED FOMC Meeting on Thursday, a great volatility is expected!
-Recently, NZD/USD breaks the upward Trendline
-Besides, there is a formation of Lower High-
Lower Low-Lower High formation.
There are 2 ways to trade this pair:
1. Currently the price goes up and touched the
upward Trendline and followed by a bearish bar.
It might be a signal to short with high R/R of 1:2.
Can enter this trade but only small risk recommended.
2. Wait the price to move higher to touch the
upper downward Trendline and another bearish
bar to short.
This trade can trade with right risk and lot size
Caution on the FED FOMC Meeting on Thursday, a great volatility is expected!
Happy for those who entry short position as recommended early :)